Industry Background:
Clinical Risk Grouping Solutions are systems used to manage risk-adjusted capitation-based payment and health care management. It is used by healthcare service providers to perform daily living activities. These solutions assign each individual to a single mutually exclusive risk group which relates the historical clinical and demographic characteristics to predict future use of healthcare resources. The demand for dashboard and data visualization tools in hospitals and clinics is anticipated to boost the market growth rate in upcoming years.According to AMA, the market for Clinical Risk Grouping Solutions is expected to register a CAGR of 13.14% during the forecast period to 2026. This growth is primarily driven by Increasing Adoption of Risk Reporting Solutions By Healthcare Providers and Growing Investments In R&D Of New Therapeutics.
Globally, a noticeable market trend is evident Emergence Of Big Data Solutions. Major Players, such as 3M Corporation (United States), Optum Inc. (United States), Cerner Corporation (United States), Conduent Inc. (United States), Nuance Communications (United States), Health Catalyst (United States), HBI Solutions (United States), Johns Hopkins University (United States), Lightbeam Health Solutions (United States), Dynamic Healthcare Systems (United States), 4S Information Systems (United States), Evolent Health (United States) and Pera Health (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2019, Optum, Inc. acquired the DaVita Medical Group, an independent medical groups. This acquisition enables Optum to provide improved care quality and patient experiences and lower costs for 16 million people, especially for kidney care space.
In March 2019, Evolent Health entered into a joint ventureship with GlobalHealth and formed new company named True Health. The new joint venture company will focus on developing solutions for healthcare providers and payers.
Market Drivers
- Increasing Adoption of Risk Reporting Solutions By Healthcare Providers
- Growing Investments In R&D Of New Therapeutics
Market Trend
- Emergence Of Big Data Solutions
Restraints
- Lack of Infrastructure and High Cost Related to Clinical Solutions
Opportunities
Increasing Physician Burnout Due to Documentation Needs and Adoption of Artificial Intelligence (AI) and Machine Learning
Challenges
Scarcity of Skilled Healthcare IT Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Clinical Risk Grouping Solutions Study Sheds Light on
— The Clinical Risk Grouping Solutions Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Clinical Risk Grouping Solutions industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Clinical Risk Grouping Solutions industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.